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European Football (EPL, UEFA, La Liga)Re: Manchester City Vs Arsenal (5 - 0) On 28th August 2021 by Newphil: 11:05am On Aug 28, 2021
Top team clashes this weekend.
SportsSee The 16 EPL Club That Listed Nigerian Born Players For 2021/2022 Season VIDEO by Newphil(op): 10:18am On Aug 28, 2021
With the growing list of Nigerian born or eligible players representing different teams in Europe, naijabusiness.com.ng would like to profile 16 English Premier League teams that have named Nigerian born players in the first team list for the new 2021/2022 English Premier League season;

Arsenal FC
Arsenal Football Club will be featuring the following Nigerian born players for the 2021/2022 EPL Season;
• Arthur Okonkwo: Okonkwo is a Nigerian born goalkeeper that was recently promoted to the Gunner’s (Arsenal) first team. The 19-year-old goalkeeper joined the club’s senior team after signing a long-term contract with the Emirates Stadium giants. Standing at 6ft 6in tall, the teenager made 14 appearances across all competitions last season, keeping seven clean sheets and conceding 12 goals.
The Nigerian will be 20 years by the 9th of September. He has made four appearances for England at the Under-18 level and is eligible to represent both England and Nigeria.

• Folarin Balogun: The 20 year old sensation plays as a striker for Arsenal. He was born in the United States and represents England at youth international level. He signed his first professional contract with the team in February 2019. He made his senior debut in the Europa League on 29 October 2020, coming on as a substitute in the 74th minute in a group stage match against Dundalk. He scored his first senior goal on 26 November 2020, in a Europa League match against Molde. On 26 April 2021, Balogun signed a new long-term contract with the club.
He is young striker who has been likened to Arsenal’s legend, Ian Wright, is eligible to represent three countries- United States (his country of birth), United Kingdom and Nigeria.

• Bukayo Saka: Bukayo ‘Ayoyinka’ Saka needs no introduction as he has established himself in Arsenal’s first team. The 19 year old versatile player can play as a winger, left-back or midfielder. At age 17, Saka was given his first professional contract by Arsenal and was promoted to the Under-23 side. He made his EPL debut on 1st of January, 2019 becoming the first player born in the 21st century to play in a premier league match. He has since gone on to notch a total of 76 appearances for Arsenal in all competitions.

Chelsea FC
Chelsea FC has also featured Players of Nigerian descent in their first team over the years, right from the days of Celestine Babayaro to John Obi Mikel, Victor Moses, etc. For the 2021/2022 session, the following Nigerian born players were promoted to the first team;
• Faustino Anjorin: Faustino Adebola Rasheed Anjorin and fondly called Tino, is an English professional footballer who plays as a midfielder for Premier League club Chelsea. The 19 year old made his EPL debut on 8th of March, 2020 in a 4-0 win against Everton, he came in as a 71st minute substitute for Willian. He is eligible to represent both England and Nigeria. He will be wearing Jersey number 55 for Chelsea this season.
• Ike Ugbo: Ike is a versatile player who plays either as a forward or a midfielder for Chelsea. The 22 year old who had spent the last four seasons on loans to different clubs like Barnsley, Roda JC, Scunthorpe United, among others, was named in Chelsea first team this season with shirt number 99. He has represented England at the youth cadre (U-17 and U-20) and is still eligible to represent Nigeria.

Liverpool FC
Liverpool retained Sheyi Ojo and sold Taiwo Awoniyi to a German side, Union Berlin for a fee of £6.5 million. Sheyi Ojo will wear shirt number 54 this season. The 24 year old midfielder is still eligible to represent either England or Nigeria.

Manchester City FC
Manchester City boss Pep Guardiola named a relatively unknown player of Nigerian descent, Samuel Ikechukwu Edozie in his squad. The 18 year old pacy and skillful forward can play either as a left or right winger. He joined City from Milwall in July 2019 and has been described by City boss as: ‘’An incredible young player’’. He will wear jersey number 99.

Manchester United FC
The red devils named a player of Nigerian descent, Shola Shoretire in its first team this season. The 17 year old forward with a Nigerian father and a British mother signed his first professional contract with Man United on 8 February, 2021. Few days later, he made his first team debut for United as an 88th minute substitute for Marcus Rashford in a 3-1 home league win over Newcastle United. The striker who is eligible to represent either England or Nigeria will be wearing jersey number 74.

Aston Villa FC also named a Nigerian by the name Garney Chukwemeka in its first team this season. The 17 year old plays as a midfielder and is eligible to represent three countries, namely; Austria (country of birth), Nigeria and England.

Crystal Palace FC named two players with Nigerian ancestry in their first team this season, the players are; Michael Akpovie Olise and Eberechi Eze. Both players are eligible to represent Nigeria

Everton FC retained Alex Iwobi in its first team this season

Leicester City FC also retained the duo of Kelechi Iheanacho and Wilfred Ndidi

Norwich City FC named a relatively unknown Andrew Omobamidele into its first team this season. The 19 year old defender was born to a Nigerian father and an Irish mother. The defender is highly rated and has represented the Republic of Ireland at Senior Level, he was called up for Ireland’s summer friendlies against Andorra and Hungary. Based on FIFA Rule, he is still eligible to represent Nigeria.

Southampton FC retained Nigerian born Michael Obafemi in its squad this season. The 21 year old striker who was eligible to represent England, Nigeria and the Republic of Ireland opted for the latter. He is currently ineligible to play for Nigeria.

Tottenham FC named Tobi Omole in its first team this season. The 21 year old Centre-Back was promoted from Tottenham U-23. He is eligible to pay for either Nigeria or England.

Watford FC will field four (4) Super Eagles players this season, namely; William Ekong, Oghenekaro Etebo, Dennis Bonaventure and Isaac Success.
West Ham FC retained a relatively unknown Ademipo Odubeko. The 18 year old striker was promoted to the first team last season, following his exploits at the youth level. He is eligible to represent Nigeria, England or the Republic of Ireland.

Wolverhampton Wanderers FC retained Ebeguowen Otasowie in its squad this season. The 20 year old versatile player who could either play as a defender or midfielder was promoted to the Wolves first team in 2019. He made his premier league debut on December 15, 2020 as a substitute for Leander Dendoncker in a 2-1 win over Chelsea.

Brentford will also parade their new signing, Frank Onyeka. Recall that the premier league new comers on 20th of July, 2021, announced the signing of the Nigerian midfielder on a five year deal.

Watch the Video:
https://www.youtube.com/watch?v=eKbX5Lr5CX4

https://www.naijabusiness.com.ng/featured/2021/16-english-premier-league-teams-that-will-feature-nigerian-born-players-for-2021-2022-season/

PoliticsNigeria Now Rank Third In Global Unemployment Rate by Newphil(op): 4:14pm On Aug 26, 2021
Bloomberg reported on Tuesday that Nigeria has the third highest unemployment rate at 33.3 per cent, while South Africa has the highest rate among a list of 82 countries.
The report stated that South Africa’s unemployment rate rose to 34.4 per cent in the second quarter from 32.6 per cent, while Namibia has the second highest unemployment rate rises at 33.4 per cent.

According to the Bloomberg report, the median of three economists’ estimates in a survey was 33.2 per cent.

READ ALSO: Dangote Cement Issues Commercial Papers worth N450 billion in 3 Years

According to the expanded definition, unemployment includes people who were available for work but not looking for a job, rose to 44.4 per cent from 43.2 per cent in the first quarter.

Among the countries tracked by Bloomberg, the unemployment rate in South Africa is now the highest. However, the data from some of the nations could be outdated.

Unemployment data in South Africa is likely to deteriorate in the third quarter because of the government’s decision to prevent the third wave of COVID-19 infections, which is also hindering efforts to revive an economy that shrank 7 per cent last year.

The report added that rising joblessness rate could heap pressure on authorities to extend relief measures that would complicate efforts to stabilise public finances.

The report by Bloomberg also noted that there was an eruption of deadly riots in July in the Gauteng and KwaZulu-Natal provinces, two key economic hubs, which claimed 354 lives and saw thousands of businesses looted and shuttered. The unrest cost the country about $3.3bn in lost output and placed at least 150,000 jobs at risk, according to the South African Property Owners Association.

It is worthy of note that the unemployment rate in Africa’s most-industrialised economy has been above 20 per cent for at least two decades, even though output expanded by five per cent or more a year in the early 2000s.


https://www.naijabusiness.com.ng/news/2021/nigeria-is-third-in-the-global-unemployment-rate/
PoliticsRe: IBB Reveals 7 Qualities Nigeria’s Next President Must Have by Newphil: 10:58am On Aug 06, 2021
Huh
Christianity EtcRe: Prophet TB Joshua's Funeral Service Updates (July 5th - Sunday 11th July, 2021) by Newphil: 2:16pm On Jul 06, 2021
Prophet T.B Joshua
PoliticsSpecial Report: How T.B Joshua’s Death May Hurt The Economy Of Lagos by Newphil(op): 10:04am On Jul 06, 2021
That’s not true, Prophet TB Joshua is not dead. God forbid! This was a reaction from one of the adherents of Prophet T.B Joshua when the news of his departure was first circulated on social media. A lot of Nigerians and lovers of Prophet Joshua hoped that the news will be subsequently confirmed as fake.
After a mild speculation and enquiries, the Synagogue Church of Nations (SCOAN) via a publicly issued statement dated 6th of June, 2021, confirmed the death of its founder and renowned televangelist and philanthropist, Prophet T.B Joshua, who died aged 57.

Following the confirmation of his death, a lot of encomiums have been showered on the popular preacher. Prominent individuals have eulogized the life and times of the popular teacher; in fact the media yesterday were awash with stories of members and friends visiting the headquarters of the synagogue in Lagos, to confirm the news of his departure.

In view of this, naijabusiness.com.ng through this piece, wants to evaluate the contributions of the popular preacher to religious tourism, and how his death might hurt Nigeria’s largest economy, Lagos.



Understanding TB Joshua’s SCOAN contribution to Lagos economy

According to the late prophet, the journey to start one of the most visited religious attractions and charismatic Christian mega church in Nigeria started in 1987, after receiving a ‘divine anointing’ and covenant from God. The church which has its headquarters in Ikotun-Egbe Lagos started with a handful of members. According to Wikipedia, the church has now grown to be one of Nigeria’s most influential churches, attracting over 50,000 people to its weekly Sunday services. Despite the surge in members, it is stunning to note that the church never had a branch outside its headquarters.

According to figures released by the Nigerian Immigration Service, six out of every ten foreign travellers coming into Nigeria are bound for The SCOAN, a major reason why the church is dubbed as ‘’ Nigeria’s biggest tourist attraction’’ and ‘’ the most visited destination by religious tourists in West Africa.’’



According to The Guardian, the church receives more weekly attendees than the combined number of visitors to Buckingham Palace and the Tower of London. All this portends a great opportunity for local businesses situated around the church.

Why the surge in attendance?

Naijabusiness.com.ng understands that the popular prophet during his lifetime was well known for conducting miracles. The regular occurrences of these divine miracles coupled with the quest for life changing spiritual experiences and prosperity, have been a major PULL to a lot of these tourists. Some of the incurable disabilities and illnesses allegedly healed by the prophet include; HIV/AIDS, blindness, open wounds etc.

Though controversial, some of these miracles have been mentioned in reputable print media globally, such as Time Magazine, Associated Press interview, Foreign Policy, among others.



READ: Detailed Guide on How to Register as Lagos State Government Contractor, Supplier, or Consultant

Multiplier effect on the Lagos economy

As earlier stated in this piece, despite the surge in the membership of the church, it was striking to note that the great prophet never thought of decentralizing the church or better put, citing branches elsewhere. By implication, all members of the church that wish to visibly attend its service will have to travel down to its one and only branch situated in Ikotun Egbe, Lagos.

In understanding the role the church play in impacting local businesses and by extension the Lagos economy, a report by The Guardian of London stated that: ‘’ The SCOAN is a big brand for Nigeria, and a lot of revenues are generated by those involved in the tourism chain, especially members of ACHAN, who provide nothing less than 35 buses and equally a large number of small vehicles to move these visitors on a daily basis.’’

The report went further to showcase how new and emerging businesses around the location have sprung up in recent years. From hoteling business to a surge in the demand for catering professionals like cooks and even local shuttle. In one way or the other, residents and local businesses around seems to have benefited from religious tourism and will most likely pay higher taxes to the government.

It is naturally anticipated that the tourists who fly into Nigeria to visit his church do lodge in hotels, board commercial vehicles and patronize eateries and visit other tourist sites around the locality. These activities are evident by the human and vehicular congestion usually experienced around the location of the church during services.

Furthermore, a tourism lecturer at the Tshwane University of Technology, Unathi Henama in her article titled ‘’TB Joshua emigrating to Israel: Lessons for South Africa on religious tourism,’’ opined that the demand to travel to Nigeria in a bid to visit SCOAN remains robust especially from South Africa. She estimated the cost of travel from SA to the aforementioned place at R24,000 per individual.

To buttress the impact of the church to our economy, the Vice President of the Nigerian Association of Tour Operators, Ime Udo, while reacting to a planned relocation of the church to Isreal in 2017 had informed the press that Nigeria would lose billions of Naira from religious tourism revenue if SCOAN relocates to Isreal. She said: ‘’The local community; hotel operators, food vendors and others around SCOAN must have benefitted from tourists.

“SCOAN has, no doubt, contributed immensely to the tourism profile of Nigeria with several heads of government from various African countries that had visited there to seek spiritual restoration and advise from Pastor TB Joshua,’’ she added.

With the aforementioned points, it will be an understatement to say that the demise of the great prophet will affect a lot of people and businesses that depend on the thriving state of the church. A lot of direct and indirect jobs that have been created through the process will most likely be affected.

A flip of the coin

By contrast, to have a glimpse of what the demise of the prophet portends for local businesses around the area, naijabusiness.com.ng recalls the hardship faced by hoteliers during the closure of the church as a result of the COVID-19 pandemic.

A report by BusinessDay newspaper revealed that over 60% of hotels and accommodation facilities in Ikotun were shut down due to the closure of the church, ultimately sending thousands of hospitality and ancillary workers back into labour market.

Lamenting the losses incurred during the one year closure of the church due to the pandemic, Sunny Ozumba, owner of a hotel and a pilgrims’ hostel in Ikotun told BusinessDay that: ‘’ We have those whose main source of clientele is accommodating pilgrims that visit the SCOAN only or mostly. I don’t know about others, but for us who are involved in accommodating pilgrims to Synagogue, we are having it tough.

‘’The situation is also the same with fast food restaurant business and other shop owners in Ikotun. The way it is with us, that is the way it is with most of them because we are all thriving from the visitors. Most of them have closed shop while some are just hanging on as I am. That is the position of things.

But, there is hope. Without hope we would have shut down. I think the church may not open its door until the virus fizzles out,” Ozumba concluded. Conclusion: With the demise of Prophet Joshua, it is unlikely that SCOAN will keep attracting the number of religious tourists that it does weekly. This comes with a huge cost to local businesses and individuals that depend on the thriving nature of the church. However, the loss can be mitigated if there is a good succession plan in place to ensure continuity, otherwise the direct and indirect jobs created by the virtue of the location of the church in Lagos might be threatened, leading to a loss of thousands of jobs. The negative impact of these losses of jobs cannot be overemphasized, especially now that there is a rising level of unemployment and insecurity.

https://www.naijabusiness.com.ng/news/2021/how-tb-joshuas-death-may-hurt-the-economy-of-lagos/
PropertiesRe: Solar Generator 500watts @ The Rate Of 79,000 Great Offer For Only 1 Week by Newphil: 7:45pm On Jun 21, 2021
greenera:
What is solar generator? Is a system through which energy is generated through the sunlight, it provides energy 24/7, its an hybrid system which makes energy easily available to you, even if you are in the rural area doing your farming stuff. Very rugged and durable watsapp 08069794808
How long will it power about Four laptops and how much is it?
PoliticsRe: Victor Effiong Resigns As Governor Ayade's Aide Over APC Defection by Newphil: 8:27pm On Jun 09, 2021
Nothing special, all is for politics
Jobs/VacanciesRe: Has The Delta State ICT For Youth Empowerment Program Started? by Newphil: 1:58pm On May 16, 2021
BusinessUncertainty Over Official Forex Rate As CBN Removes N379/$1 From Website by Newphil(op): 8:16pm On May 14, 2021
Nigerians have been kept in the dark over what the official foreign exchange rate is today, as the apex financial institution in the country, (the Central Bank of Nigeria) removed the exchange rate of N379/$1 from its website.
It is pertinent to note that since the CBN adjusted the exchange rate in August 2020, it has retained the exchange rate of N379 per dollar on its website, implying an official exchange rate. Historically, analysts have referenced this rate as the official rate for the country.

However with recent development and given the fact that the CBN is yet to comment on the matter, Nigerians who have spoken to NaijaBusiness.com have expressed their worries and fears over the worst. As at the period of writing this, checks into the website of Nigeria’s leading securities and exchange firm, FMDQ revealed that the N379/$1 is still maintained by the firm.

One major source of worry for most Nigerians who are sceptical about the recent development is the fear of a possible devaluation by the apex bank. Experience have shown that this fear have been long maintained by Nigerians, despite CBN denial and rejection of such plans. NaijaBusiness.com understands that Nigeria has been under serious pressure to move from its managed float policy to a flexible exchange regime, as part of the condition to grant request for ‘’emergency financial assistance’’ of $3.4 billion under its Rapid Financing Instrument.


READ: CBN Announces Indefinite Extension Of ‘Naira4dollar’ Scheme

Does the removal imply possible devaluation?

Analysts have explained that the removal of the erstwhile N379/$1 does not necessarily portend or imply possible devaluation. It is just a technical way of ensuring convergence between the disparity in parallel rates and the official rates. The action is viewed as a deliberate means of achieving near perfect market convergence rates.

It is an open secret that Nigeria practises multiple exchange regimes such as NAFEX, SMEIS and BDC, however the NAFEX rate is the official exchange rate recognized for transaction between parties. In this light, experts have predicted the continuation of this trend.

Recall that CBN had recently announced the indefinite extension of its ‘Naira4 dollar’ scheme


https://www.naijabusiness.com.ng/news/2021/uncertainty-over-official-foreign-exchange-rate-as-cbn-removes-n379-1-from-website/
FamilyBill And Melinda Gates Divorce To Smash Bezos’s World Record Largest Divorce by Newphil(op): 12:08pm On May 04, 2021
The recent Bill and Melinda Gates split is touted by some analysts to be the world’s most expensive divorce, set to eclipse the world’s largest divorce settlement recorded in the Jeff Bezos- MacKenzie Scott split two years ago.
Recall that Bill and Melinda Gates announced that they are getting divorced, after 27 years of marriage. A joint statement issued by the estranged couple reads: ‘’ After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage.

“Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives.

“We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives.

“We ask for space and privacy for our family as we begin to navigate this new life,” the statement concluded.

Though details of the divorce settlement is yet to be made public as at the time of reporting this, analysts however tipped the split to eclipse the infamous Jeff-Mackenzie split which was estimated to be worth around $38 billion. The settlement made MacKenzie Scott the third wealthiest woman in the world.

Mr Gates is the fourth richest person in the world, and is estimated by Forbes to be worth $130.5 billion. He became the world’s youngest self-made billionaire when Microsoft went public in 1986.

https://www.naijabusiness.com.ng/news/2021/bill-and-melinda-gates-divorce-tipped-to-smash-bezoss-world-record-for-largest-divorce-settlement-of-38-billion/

https://www.naijabusiness.com.ng/wp-content/uploads/2021/05/Bill-and-Melinda-Gates-divorce-settlement.jpg
BusinessCBN Flays Banks/fx Dealers For Rejecting Old And Lower US Dollar Notes by Newphil(op): 7:53pm On Apr 21, 2021
The Central Bank of Nigeria has warned Deposit Money Banks (DMBS) and Forex Dealers to desist from the act of rejecting old and lower denominations of the US Dollar bills.
This is according to a recent circular issued by the apex bank and signed by its Director of Currency Operations, Ahmed Umar.

According to the notice, the apex bank emphasized that it has been inundated with complaints from members of the public in recent times over the rejection of old/lower denominations of US Dollar bills by the aforementioned parties- DMBs and Forex Dealers.

The apex bank wondered why defaulting institutions blatantly continued this act, despite being fully aware that the old series and lower denominations of the US Dollar are legal tender for deposit from their customers. Going forward, in a bid to forestall the future occurrence of this anomaly, the apex bank promised to sanction erring or defaulting institution(s).

READ: CBN to pay N5 for $1 in “CBN Naira 4 Dollar scheme” for Diaspora Remittances

Commenting on the recent development, a part of the recent CBN circular emphasized that: ‘’All DMBs/authorized forex dealers should henceforth accept both old series and lower denominations of United States Dollars (USD) that are legal tender for deposit from their customers.

‘’The CBN will not hesitate to sanction any DMB or other authorized forex dealer who refuse to accept old series/lower denominations of US Dollar bills from their customers.’’

On the other hand, the apex institution warned all authorized forex dealers to desist from defacing/stamping US Dollar banknotes, as such notes always fail authentication test during processing/sorting.

Naijabusiness.com.ng understands that the recent policy might be connected to CBN’s renewed drive of attracting more forex into the country, in a bid to meet local demand and boost liquidity in the FX market. This has been a major focus of the CBN in recent times, leading to the adoption of a ‘’Naira4 Dollar’’ scheme. For more information about the CBN circular, click HERE.


https://www.naijabusiness.com.ng/news/2021/cbn-flays-banks-fx-dealers-for-rejecting-old-and-lower-us-dollar-notes/
FamilyRe: How Do You Deal With An Occult Family Member? by Newphil: 3:50pm On Apr 20, 2021
Repeating and believing the man statement about him being the most successful, is the biggest problem of that family. Most of them are suffering from inferiority complex.
BusinessAccess Bank Affirms Negotiation With Atlas Mara To Take Over Bancabc by Newphil(op): 4:06pm On Apr 19, 2021
Access Bank Plc has confirmed that it has entered into a definitive and binding agreement with ABC Holdings Limited, a subsidiary of Atlas Mara Limited, to acquire a 78.15% shareholding in BancABC Botswana (Formerly known as African Banking Corporation of Botswana Limited).
According to a disclosure signed by the company’s secretary, Sunday Ekwochi, the transaction which is subject to pre-requisite regulatory approvals is expected to be sealed before the end of the second quarter of 2021 (Q2,2021).

In December 2020, a renowned global finance website, Bloomberg had earlier broken the news of a possible deal between the aforementioned firms, after a tip-off by some insider sources who pleaded anonymous. According to Bloomberg sources, if successful, the deal would mark the second transaction between Atlas Mara and Access Bank, after the latter had agreed to buy the former’s Mozambique unit at the end of September.

The recent announcement is a boost to Access Bank’s quest to expand its operations across the African continent. The Bank had earlier revealed its plans to be present in 22 African countries over the next five years. This goal has been the major driver in its recent acquisitions and merger including but not limited to its Cavmont (Zambia) and Grobank (South Africa) deals.

READ: LASG Partner Access Bank To Provide N2bn Funding For Women Entrepreneurs

Confirming the BancABC talks, the GMD/CEO of Access Bank, Herbert Wigwe said: ‘’We remain committed to a disciplined and thoughtful expansion strategy in Africa, which we believe will create strong, sustainable returns for our shareholders and stakeholders at-large over the medium and long term.

‘’The establishment of Access Bank through this acquisition in the Republic of Botswana will position the Bank to deliver a more complete set of banking solutions to its clients active in and across the SADC and COMESA regions. This transaction complements our recent strategic growth acquisitions in South Africa, Zambia and Mozambique.

‘’We are building a bank of the future that Africans across Africa and the world will be proud of, and look forward to welcoming employees, customers and other stakeholders of BancABC Botswana to Access Bank.’’

Naijabusiness.com.ng gathered that the decision to sell BancABC might be connected to the recent financial difficulties the bank is facing especially with respect to the principal holders of its $81million convertible bond originally due for settlement in December 2020. BancABC Botswana is the fifth largest bank in Bostwana. It was formed in 1997 through a merger of First Merchant Bank and Heritage Investment Bank. Atlas Mara bought the bank in 2014 for $265 million.

https://www.naijabusiness.com.ng/news/2021/access-bank-affirms-negotiation-with-atlas-mara-to-take-over-bancabc/

https://www.naijabusiness.com.ng/wp-content/uploads/2021/04/Access-bank_-BancABC.jpg
BusinessCAC Set To Reduce Company Registration Circle To Three Hours by Newphil(op): 11:50am On Apr 15, 2021
Following the successful deployment of an end-to-end registration module, the Corporate Affairs Commission on Sunday stated that it was now prioritizing the reduction of the registration circle for new companies to just three hours before the end of year 2021.

The Registrar-General of the commission, Garba Abubakar who gave this indication at a dinner organized in honour of the Chairman, governing Board, CAC and Nigerian Ambassador Designate to the Kingdom of Spain, Ademola Seriki disclosed in series of tweets posted via the commission’s Twitter handle on Sunday.

READ ALSO: 43 Years after listing: NSE approves voluntary exit of Mobil Oil

The Registrar-General disclosed that the commission was making arrangements to empower over 400 approving officers with working tools to process and approve registration applications either from home or anywhere necessary.

Abubakar stated that the challenges of COVID-19 pandemic had adversely hampered CAC’s delivery timeline. But the CAC was resolutely committed to serving its customers despite being forced to operate with less than 50 per cent of its workforce.

While bidding farewell to Seriki, Abubakar said he received the news of his appointment with mix feelings as CAC was going to miss his tremendous support and guidance.

In his own remark, the Minister of Industry, Trade and Investment, Niyi Adebayo, described the outgoing CAC Chairman as a man of immense pedigree and enormous potential to justify the confidence reposed in him by the President.


https://www.naijabusiness.com.ng/news/2021/cac-set-to-reduce-company-registration-circle-to-three-hours/
EducationLafarge - Call For Application For 2021 Technical Skills Program (tuition Free) by Newphil(op): 6:31pm On Apr 13, 2021
LAFARGE AFRICA PLC
CALL FOR APPLICATION FOR 2021 TECHNICAL SKILLS DEVELOPMENT PROGRAM
Are you ready to reinvent Our future while developing your own?

Lafarge Africa Plc Announces 2021 Technical Skills Development Program

Lafarge Africa Plc, an equal opportunity employer, invites suitably qualified secondary school leavers (male and female) for admission into a three-year multi-skilled vocational training program covering the following technical disciplines:

Maintenance Processes i.e. Mechanical /Electrical / Instrumentation and
Automation /Welding and Fabrication Technology.
Cement Manufacturing Processes i.e. Production/ Process and Quality.


THE PROGRAMME
The program is a public-private sector partnership which trains and equips successful candidates with the skills and attitudes to be self employed/employable in the vocational areas listed above.
It is a non-residential, 36-month technical intensive training scheme in which
successful candidates will enjoy tuition-free lectures, rigorous hands-on sessions and a token allowance to offset out of pocket expenses.
Graduates of the program, on completion, will be awarded both Lafarge Africa PIc’s internal certificate and the National Innovation Diploma (NID) certificate.
Lafarge Africa Plc, through this and other programs, continues to create the conditions for a diverse and inclusive workforce, with particular emphasis on gender balance in operational roles and developing talent at an early career stage

Female school leavers are strongly encouraged to apply.

APPLICATION REQUIREMENTS
Completion of WASSCE, GCE, NECO or equivalent no later than January 2018
Minimum of 5 O’level credits to include English Language. Mathematics, Physics, Chemistry and any other subject (in a maximum of 2 sittings).

ALSO: Nestle Nigeria Plc - Call For Application For 2021 Technical Training Programme

METHOD OF APPLICATION
Applications can be submitted online through https://dragnetscreening.ng/laftech.php or submitted physically (using the application form) to any Lafarge Africa Training Centre on Our plants.
Application form can be downloaded from www.lafargeafrica.com.ng/careers or picked from any of the plant locations.
Applications MUST be accompanied with proof of above stated results, recent passport photograph, Birth Certificate and any of the following: National Identity Card or Slip/ International Passport. Please note that sworn affidavits/declarations will not be accepted.
Physical applications should be enveloped and addressed to; The Head, Latarge Africa Training Centre Ashaka / Ewekoro / Mfamosing respectively.


https://www.naijabusiness.com.ng/opportunities/grants/2021/lafarge-africa-plc-call-for-application-for-2021-technical-skills-development-program/
BusinessRe: Shoprite Confirms Exit From Nigeria by Newphil: 10:27am On Mar 16, 2021
I guess they are contented with their southern Africa market base.
PoliticsRe: BREAKING: CBN Reopened COVID-19 Loan Application Portal by Newphil(op): 7:42pm On Mar 12, 2021
KoleDgreat2020:
This is just to divert Nigerians attention from the Petrol increment... Watchout, nothing meaningful will come out of these loans
Lot of Nigerians who applied last year benefited from the stimulus
PoliticsBREAKING: CBN Reopened COVID-19 Loan Application Portal by Newphil(op): 7:32pm On Mar 12, 2021
The Central bank of Nigeria (CBN) has reopened the Targeted Credit Facility for COVID-19 Loan application portal. The credit facility was targeted as a stimulus to support households and Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
In a statement shared via Twitter, the disbursing financial organization, NIRSAL Microfinance Bank stated that COVID-19 targeted credit facility application reopened for fresh applications.

The application for 2020 which run for three months was closed at the end of June 2020, the CBN said over 80,000 families and households benefitted from the 2020 credit facility.

The COVID-19 The COVID-19 Support fund, which will be distributed by NIRSAL Microfinance Bank and come with an Interest rate under the intervention is 5% P.A.

READ: How to Apply for CBN COVID-19 Loan for Households and SME’s (2021)

The Household loan requirement for include:
· Loan application letter
· Duly completed application form
· Duly executed Guarantor form
· A valid means of ID (national ID, driver’s license, voter’s card or international passport)
· Current utility bill
· 2 recent passport-size photographs
· BVN

MSME Loan Requirement:
· Loan application letter
· Duly completed application form
· Duly executed Guarantor form
· A valid means of ID (National ID, Driver’s License, Voter’s Card or International passport)
· Current utility bill
· 2 recent passport-size photographs
· BVN

https://www.naijabusiness.com.ng/news/2021/breaking-cbn-reopened-covid-19-loan-application-portal-direct-nirsal-microfinance-bank-to/

https://www.naijabusiness.com.ng/wp-content/uploads/2021/03/CBN-covid-19-loan-application-Nirsal-MFB-portal.jpg

lalasticlala
Foreign AffairsRe: America's Power Outage: Texas Residents Line-Up To Fetch Water From Borehole by Newphil: 11:06am On Feb 18, 2021
Where is the governor?
PoliticsMSME Survival Fund Guaranteed Off-taker Stimulus Scheme Start 9th February 2021 by Newphil(op): 3:23pm On Feb 04, 2021
The Project Delivery Office (PDO) of the MSME’s Survival Fund and Guaranteed off-taker Stimulus Scheme, has announced 9th February 2021, as the commencement date for the opening of the registration portal for the Survival Fund Guaranteed off-taker Stimulus Scheme.
According to the statement released by the PDO, the Survival Fund Guaranteed off-taker Stimulus Scheme aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products.

A total of 100,000 Micro and Small Enterprises are expected to benefit from the scheme, with the following state by state distribution; Lagos 3880, Kano 3280, Abia 3.080, the remaining 33 States and FCT will each have 2640 beneficiaries.

The qualification Criteria for this Scheme are as follows
• Applicant must be a Nigerian national
• Applicant must be registered with the Corporate Affairs Commission (CAC) with at least a business name
• Applicant must be ready to produce under NAFDAC, SON specifications
• Applicant must have a verifiable BVN and Bank account number
• Applicant must have at least 2 staff members



Click to see List of Products to be Captured in the Guaranteed On-take Stimulus Scheme


https://www.naijabusiness.com.ng/wp-content/uploads/2021/02/MSME-Survival-Fund-Guaranteed-off-taker-Stimulus-Scheme.jpg
BusinessBREAKING! MSME Survival Fund Payroll Support Portal Reopened For 30 States by Newphil(op): 8:12pm On Jan 26, 2021
The Federal government of Nigeria has ordered the reopening of the MSME Survival Fund Payroll Support Portal for registration of businesses in 30 states of the Federation. The Payroll support scheme is meant to assist about 500,000 vulnerable MSMEs in meeting payroll obligations (Salaries) of between N30,000 to N50,000 per employee over 3 months.
In a statement signed by the Hon Minister of State, Federal Ministry of Industry. Trade and Investment, Ambassador Mariam Katagum, the Project Delivery Office (PDO) inform the Public that the MSME Survival Fund Payroll Support Portal will be exceptionally reopened for States that have not met their quota. The Portal will be open for 7 days beginning from 27th January to 2nd February 2021.

The payroll Support Track of the MSME Survival Fund Scheme which was flagged off on the 21 of September 2020 is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 Months.

The state to benefit from the reopening include; Abia, Adamawa, Akwa Ibom, Anambra, Bayelsa, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Sokoto, Taraba, Yobe, Zamfara

READ: 10 Amendment in Nigeria Finance Act 2020 that Could Affect your Business

Businesses in states like Benue, Plateau, Bauchi, Kano, Kaduna, and Rivers and the FCT who have met their quota are excluded from participating in the reopening exercise.

Requirements for businesses to benefit from the Survival Fund Payroll Support includes:
• Businesses must have CAC registration.
• Businesses must have a minimum of 10 and a maximum of 50 staff.
• Business must be owned by Nigerians.
• Must have verifiable BVN.
• The Scheme provides for 45% female participation and 5% Special Needs participation.
https://www.naijabusiness.com.ng/news/2021/breaking-msme-survival-fund-payroll-support-portal-reopened-for-30-states/

cc: lalasticlala
PoliticsRe: 12.3m Subscribers Await SIM Linkage With NIN by Newphil: 8:13am On Jan 21, 2021
I linked all my phone numbers to NIN directly using the NIMC mobile app.
TravelRe: LASTMA General Manager Caught A Man Driving One-Way On 3rd Mainland Bridge by Newphil: 9:23pm On Jan 16, 2021
Foreign AffairsRe: Twitter Permanently Suspends Donald Trump by Newphil: 1:54am On Jan 09, 2021
SM giants have rules and policies you must agree to while signing up, it has always been there.
AgricultureRe: Olatunde Agbato Is Dead by Newphil: 12:09pm On Jan 08, 2021
Great Man! A colossus in Nigeria Animal husbandry, especially poultry

Rest in peace.
PoliticsRe: Businesses Affected By EndSARS Riots Get Support From Lagos State Government by Newphil: 8:01pm On Jan 06, 2021
No doubt, some of the governments fund interventions works.
See guide and link to Lagos State COVID-19 Palliative for Hospitality, Tourism and Other Creative Businesses
PoliticsRe: Osinbajo: Why We Need To Rethink How SMEs Are Regulated All Over The Country by Newphil: 7:52pm On Dec 14, 2020
That is true
PoliticsRe: Chinese Supplier Blames ‘Bad Luck’ For Frequent Locomotive Breakdown by Newphil: 10:02am On Dec 04, 2020
Was the effect of climate considered when building the train for our clime?
CrimeRe: Man Caught Making Incantations With Fetish Items At A Cemetery In Rivers State by Newphil:
They should leave the man alone, he's practising what aligned with his belief. Did anyone harass Christians that pray in unknown tongues?
PoliticsRe: Sanwo-Olu Approves Full Resumption Of All Markets In Lagos by Newphil: 2:56pm On Oct 27, 2020
That's a kind gesture from Mr governor.
PoliticsRe: #endsars: “we Switched Off Lekki Billboard On Sanwoolu’s Order” – Loatsad Media by Newphil:
Okay

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